Sold put options and raised positions in three firms, Puru Saxena notes

Sold put options and raised positions in three firms, Puru Saxena notes
Put options sold, portfolio exposure raised

Puru Saxena, investment commentator and ex-fund manager at FinTwit, reported a shift in his investment approach by selling put options and enhancing positions in three portfolio companies after a recent pullback.

He indicated that these moves came after previously locking in gains a few weeks ago. Subscribers were invited to log in for further details.

Saxena has previously commented on sharp moves in Asian equities. He analyzed a 9 percent decline in the KOSPI that triggered trading halts. He also reported on a 10 percent drop in KOSPI futures, noting that parabolic moves often reverse gains.

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